MD/MBA oxymoron????

[T-Rex]

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Maybe it's my own clouded viewpoint on MBA's playing here, but does the combined MD/MBA degree option seem somewhat divergent in their overall outlook? I mean, your typical aspiring MD lives to help others at any cost to him/herself, while your typical MBA is more rooted in attaining a bottom line for annual reports...all IMHO!!

(I hope I don't insult any MBAs - I'm just curious to find out more!!)

 

[Mike59]

Originally posted by T-Rex
Maybe it's my own clouded viewpoint on MBA's playing here, but does the combined MD/MBA degree option seem somewhat divergent in their overall outlook? I mean, your typical aspiring MD lives to help others at any cost to him/herself, while your typical MBA is more rooted in attaining a bottom line for annual reports...all IMHO!!

(I hope I don't insult any MBAs - I'm just curious to find out more!!)

Oxymoron: yes
Would I pursue an MBA/MD: absolutely not

However, MDs do occupy important positions in health care corporations and the business training is probably invaluable in maximizing profits/ running the company.

 

[Ramoray]

what an ignorant post, do you not realize that the reason our healthcare system sucks is because everyone is losing money left and right, and there is simply not a working plan of action in place to pay doctors, insurance and everyone else accordingly, so not only do our rates suck, we dont get procedures, doctors dont get paid and the system sucks. By having people educated in business, which most MBA/MDs are doing, it is going to allow them to take more exuctive roles and one day, when we have enough doctors who understand business and who are working in the system, we will have a MUCH better health care system. You know that bottom line is what keeps companies running and allows doctors to practice medicine if we are talking about health care field companies etc.. man what a igorant person, that makes me laugh

 

[Mike59]

Originally posted by Ramoray
what an ignorant post, do you not realize that the reason our healthcare system sucks is because everyone is losing money left and right, and there is simply not a working plan of action in place to pay doctors, insurance and everyone else accordingly, so not only do our rates suck, we dont get procedures, doctors dont get paid and the system sucks.

By having people educated in business, which most MBA/MDs are doing, it is going to allow them to take more exuctive roles and one day, when we have enough doctors who understand business and who are working in the system, we will have a MUCH better health care system.

man what a igorant person, that makes me laugh

Pipe down buddy. I've spent years studying health policy so easy with the name calling.

MBA/MDs are the very people denying procedures without even seeing the patients. Health care corporations inherently pose a conflict of interest: $$$ vs. care. Whether there is an accountant or an MD/MBA making the decisions, we will continue to suffer as a population. Just my $.02.

 

[T-Rex]

🙄
wow...i expected such ignorance in being termed "ignorant".
As I clearly stated, I was merely interested in finding out MORE!! Hardly ignorant if I should say so myself.

 

[Mike59]

Originally posted by T-Rex
🙄
wow...i expected such ignorance in being termed "ignorant".
As I clearly stated, I was merely interested in finding out MORE!! Hardly ignorant if I should say so myself.

I think they were referring to my post, not yours, still worthy of a 🙄

 

[T-Rex]

An ex-classmate of mine completed her MBA in Health Care Administration and is currently a Director of Marketing in a Managed Care company earning $90,000 at the age of 28. I'm sorry but It's really disheartening to see these small "close to home" cases of MBAs in charge of major health "management" institutions. Now before people start freakin out, I'm not jealous at all. It's just damn depressing to see such stats for people who never get within 10" of a patient.

 

[doepug]

An MD/MBA is not an oxymoron at all.

It is possible to be compassionate and do the best for your patients while keeping dollars in mind. Extraordinarily few physicians ask themselves whether the outcome of a test will impact their management of the patient. Remember that next time you order "routine AM labs" on patients... will the outcome of that CBC or CMP really change what you're doing for that chronically ill patient who has not changed symptomatically?

MD/MBAs are not just a part of insurance companies and health management corporations. They're everywhere, and they're only getting more prevalent. An MD/MBA is not only a powerful combination for a department chair or a dean, but also for the private general practitioner who has to run his/her own office.

Business is inextricably linked with medicine. Y'all better make peace with that now and learn to work within this system.

Cheers,
doepug

 

[applejuice1979]

Originally posted by T-Rex
Maybe it's my own clouded viewpoint on MBA's playing here, but does the combined MD/MBA degree option seem somewhat divergent in their overall outlook? I mean, your typical aspiring MD lives to help others at any cost to him/herself, while your typical MBA is more rooted in attaining a bottom line for annual reports...all IMHO!!

What does "all IMHO" mean anyway? I think that those who have the privilege to pursue both degrees should. It can only help those who eventually will open their own practices, those who will oversee spending for large hospitals/clinics, and those who really want to change how health care is delivered to ALL people. An example of what I'm talking about is that we can all be charged half the amount an average HMO patient is charged and have health care coverage for the homeless & low income. Financial responsibility on the part of physicians will allow us to have any diagnostic test we would like performed regardless of cost... And we all will have the same salaries. If you are still confused by what I'm trying to say I'll summarize: it's time to kick the "business"-minded folks out of health care & allow physicians with business knowledge to handle this area. I think this is the only way that the patients' perspective & health will be placed first.

 

[Kovox]

Originally posted by T-Rex
An ex-classmate of mine completed her MBA in Health Care Administration and is currently a Director of Marketing in a Managed Care company earning $90,000 at the age of 28. I'm sorry but It's really disheartening to see these small "close to home" cases of MBAs in charge of major health "management" institutions. Now before people start freakin out, I'm not jealous at all. It's just damn depressing to see such stats for people who never get within 10" of a patient.

Medicine is business considering that the majority of your time will be spent talking to lame insurance companies.

Sometimes, a person who isn't in the healthcare field looking in will offer insights that a doctor who has been in a the field for years had forsaken to see. Being in the medical field, you will form biases which will cloud your judgement of what the best way to handle a situation is when it comes to healthcare.

I think that there is an advantage with having non-health professionals deal with healthcare. As for of how would she know what to do if she doesn't interact with patients...that's where MBA kicks in. MBA = communication = ability to click with people. What she doesn't know, she could ask around, take surveys, and learn 😀